Publisher's Synopsis
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For FERC, competition policy is not deregulation, for the simple reason that the Commission never stopped regulating wholesale power sales or the transmission of electricity and natural gas. Competition policy relies on both competitive forces and regulation and it seeks the best possible mixture of the two. Competitive markets cannot function properly without an adequate infrastructure, and much of the Commission s work is dedicated to promoting a robust energy infrastructure.
Fiscal year 2008 marked a year in which FERC continued to lay the groundwork for the competitive energy markets of the future markets that will incorporate generation, transmission and demand resources. In particular, FERC promoted effective competition in wholesale power markets through targeted reforms to improve energy efficiency and demand response and encourage greater entry of generation and demand resources during periods of peak demand. They clarified and formalized the policy with respect to regional market monitors as a way to act to speed the interconnection of renewable energy generation and address the growing backlog of wind projects. FERC team also encouraged compliance with FERC regulatory requirements by adopting new policies to encourage strong compliance programs by regulated companies and entities to establish new rules to improve the transparency of the price and availability of natural gas.
Utility companies and energy efficiency manufacturers may be interested in this annual report. Lobbyists and high school students and above writing research papers about America's energy and power markets may find this annual report useful.
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Energy & Fuels resources collection can be found here: https: //bookstore.gpo.gov/catalog/science-technology/energy-fuels
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